Mr Major’s Written Parliamentary Answer on Balance of Payments – 6 June 1989

Below is the text of Mr Major’s written Parliamentary Answer on Balance of Payments on 6th June 1989.

Mr. Morgan To ask the Chancellor of the Exchequer what is his latest forecast for the United Kingdom balance of payments for 1989.

Mr. Major The “Financial Statement and Budget Report” for 1989–90 shows a forecast deficit for the current account of the balance of payments in 1989 of £14.5 billion.